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May 02, 2023
António Seladas, CFA
António Seladas, CFA
Portuguese Economy - March budget trailing defict remains close to 1% of GDP
March’s budget execution, surplus of €2.6Bn vs. a deficit of €390Mn one year ago, strongly benefitted from a non-recurrent transfer; €3.02Bn; CGD’s pension fund. Excluding this extraordinary item, that does not account in terms of budget execution.
April 28, 2023
António Seladas, CFA
António Seladas, CFA
Portuguese Economy: Economic Sentiment Indicator – April data
Summing up, the Euro Area ESI is apparently consolidating and the same seems true regarding Portugal, even that Industry is underperforming. Nevertheless, the visibility is low and is still unclear the impact from higher interest rates.
April 19, 2023
António Seladas, CFA
António Seladas, CFA
Portugal February External figures – Travel surplus is slowing down
Summing up, Travel continues to outperform, even so the pace is coming down.
April 14, 2023
António Seladas, CFA
António Seladas, CFA
Portugal – March CPI: Prices are adjusting, however MoM core data has been volatile.
The Portuguese Statistic Institute has just released, March CPI final figures and its subcomponents.
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